Zacks Research Has Positive Estimate for Carvana Q2 Earnings

Carvana Co. (NYSE:CVNA) – Stock analysts at Zacks Research lifted their Q2 2027 earnings estimates for Carvana in a note issued to investors on Thursday, May 28th. Zacks Research analyst Team now expects that the company will post earnings of $0.58 per share for the quarter, up from their prior forecast of $0.56. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana’s Q1 2028 earnings at $0.74 EPS.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $1.37. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%.

A number of other research analysts have also recently weighed in on CVNA. BNP Paribas Exane boosted their target price on shares of Carvana from $77.60 to $85.80 in a research note on Thursday, April 30th. Jefferies Financial Group dropped their price target on shares of Carvana from $97.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BTIG Research restated a “buy” rating and set a $97.00 price target (down from $485.00) on shares of Carvana in a research note on Sunday, May 10th. Royal Bank Of Canada upped their price target on shares of Carvana from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Morgan Stanley upped their price target on shares of Carvana from $90.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Carvana has an average rating of “Moderate Buy” and an average target price of $93.14.

Carvana Stock Up 0.8%

CVNA opened at $73.57 on Friday. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The stock has a market cap of $80.70 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 12.32 and a beta of 3.55. Carvana has a twelve month low of $54.46 and a twelve month high of $97.38. The company’s 50-day moving average price is $69.49 and its two-hundred day moving average price is $74.93.

Institutional Trading of Carvana

A number of hedge funds and other institutional investors have recently bought and sold shares of CVNA. Royal Bank of Canada increased its holdings in Carvana by 40.8% during the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after acquiring an additional 8,654 shares during the period. Geneos Wealth Management Inc. increased its holdings in Carvana by 251.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after acquiring an additional 181 shares during the period. Cerity Partners LLC increased its holdings in Carvana by 28.8% during the 2nd quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock worth $1,847,000 after acquiring an additional 1,226 shares during the period. AXA S.A. increased its holdings in Carvana by 340.7% during the 2nd quarter. AXA S.A. now owns 4,253 shares of the company’s stock worth $1,433,000 after acquiring an additional 3,288 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Carvana by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock worth $3,334,000 after acquiring an additional 825 shares during the period. Institutional investors own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In related news, VP Stephen R. Palmer sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $79.06, for a total transaction of $395,320.00. Following the sale, the vice president owned 164,455 shares of the company’s stock, valued at approximately $13,002,470.12. This represents a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $61.99, for a total transaction of $898,913.00. Following the sale, the director directly owned 209,565 shares in the company, valued at $12,991,772.61. This trade represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 281,205 shares of company stock worth $19,495,895 in the last ninety days. Insiders own 15.19% of the company’s stock.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.